TURRENSIS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TURRENSIS
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash +€27,212
up €27,212 (+48.7%), from €55,888 to €83,100
mainly Net result for the year (+€121,538) and Tax, wage and social debts (+€18,628)
- Tangible fixed assets -€11,372
down €11,372 (-21.1%), from €53,876 to €42,504
- Reserves +€121,538
up €121,538 (+165%), from €73,473 to €195,011
- Other debts -€24,662
down €24,662 (-98.6%), from €25,000 to €338
- Tax, wage and social debts +€18,628
up €18,628 (+54.2%), from €34,343 to €52,971
of which Taxes: +€16,628
- Gross operating margin +€73,190
up €73,190 (+75.9%), from €96,411 to €169,600
- Taxes +€16,778
up €16,778 (+89.3%), from €18,797 to €35,575
- Depreciation +€8,389
up €8,389 (+281%), from €2,983 to €11,372
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,448 | €251,540 | +€115,092 | +84.3% |
| Fixed assets | 21/28 | €53,876 | €42,504 | -€11,372 | -21.1% |
| Tangible fixed assets | 22/27 | €53,876 | €42,504 | -€11,372 | -21.1% |
| Furniture and vehicles | 24 | €53,876 | €42,504 | -€11,372 | -21.1% |
| Current assets | 29/58 | €82,572 | €209,036 | +€126,464 | +153% |
| Amounts receivable within one year | 40/41 | €25,313 | €24,200 | -€1,113 | -4.4% |
| Trade receivables | 40 | €25,313 | €24,200 | -€1,113 | -4.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €55,888 | €83,100 | +€27,212 | +48.7% |
| Deferred charges and accrued income | 490/1 | €1,370 | €1,736 | +€365 | +26.7% |
| Total equity and liabilities | 10/49 | €136,448 | €251,540 | +€115,092 | +84.3% |
| Equity | 10/15 | €76,473 | €198,011 | +€121,538 | +159% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,473 | €195,011 | +€121,538 | +165% |
| Distributable reserves | 133 | €73,473 | €195,011 | +€121,538 | +165% |
| Amounts payable | 17/49 | €59,974 | €53,529 | -€6,446 | -10.7% |
| Amounts payable within one year | 42/48 | €59,974 | €53,529 | -€6,446 | -10.7% |
| Trade debts | 44 | €631 | €219 | -€412 | -65.3% |
| Suppliers | 440/4 | €631 | €219 | -€412 | -65.3% |
| Taxes, remuneration and social security | 45 | €34,343 | €52,971 | +€18,628 | +54.2% |
| Taxes | 450/3 | €34,343 | €50,971 | +€16,628 | +48.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €25,000 | €338 | -€24,662 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,983 | €11,372 | +€8,389 | +281% |
| Other operating charges | 640/8 | €1,157 | €325 | -€832 | -71.9% |
| Gross operating margin | 9900 | €96,411 | €169,600 | +€73,190 | +75.9% |
| Operating profit (loss) | 9901 | €92,270 | €157,903 | +€65,633 | +71.1% |
| Financial charges | 65/66B | €0 | €790 | +€790 | +1,580,720% |
| Recurring financial charges | 65 | €0 | €790 | +€790 | +1,580,720% |
| Profit (loss) for the period before taxes | 9903 | €92,270 | €157,113 | +€64,842 | +70.3% |
| Income taxes | 67/77 | €18,797 | €35,575 | +€16,778 | +89.3% |
| Profit (loss) for the period | 9904 | €73,473 | €121,538 | +€48,065 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,473 | €121,538 | +€48,065 | +65.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.